Morrisons works to catch up online as sales and profits dip; Ocado updates on its figures

Morrisons

Morrisons chief executive Dalton Philips today said the supermarket was working to get back on the front foot with “decisive action” including the development of online and convenience to meet “the challenges of structural change” in the industry. His comments came as Morrisons reported turnover down by 4.9% to £8.5bn (more…)

Thorntons reports 60.4% rise in profits as it transforms into a multichannel business

Thorntons pic

Thorntons today said it was succeeding in its strategy to transform itself into an international, multichannel, FMCG business, serving shoppers as their buying behaviour changes. Chairman Paul Wilkinson, speaking as the chocolate manufacturer and retailer unveiled a 60.4% rise in full-year profits, said it had completed the first three-year phase (more…)